The Death of the Rule Against Perpetuities, or the RAP Has No Friends - An Essay
Joel C. Dobris
University of California at Davis School of Law
Real Property, Probate and Trust Journal, Vol. 35
UC Davis Legal Studies Research Paper No. 49
This Article analyzes the Rule Against Perpetuities, which limits dead hand control of property to a reasonable period of time and chronicles its decline in recent years as public interest in creating perpetuities has increased. The author details society's prevailing attitudes towards aggregations of wealth in trusts that facilitate the creation of perpetuities and undermine the Rule's legitimacy in modern law.
Note: The author does not have paper copies for distribution.
Number of Pages in PDF File: 65
Keywords: Rule Against Perpetuities, repeal, perpetuities, undermining, changes in attitude, wealthy citizens, protection of capital assets, citizenry
JEL Classification: K1, K3Accepted Paper Series
Date posted: July 23, 2005
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